Fidelity's Bull Case For Ethereum
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 27 September 2023
⏱️ 69 minutes
🧾️ Download transcript
Summary
Joining us today from Fidelity are Chris Kuiper and Jack Neureuter who recently released their Ethereum Investment Thesis report.
On this episode we're asking are the institutions serious about Ether? Has Ether passed through the gauntlet…like BTC? And what does it look like for institutions to actually begin investing in Ether the asset.
Fidelity manages $4.5 trillion dollars, that's many multiples higher than the entire crypto market cap. This is worth paying attention to.
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TIMESTAMPS
0:00 Intro
7:07 Intro to Chris and Jack
8:50 About Fidelity Assets
12:00 Analyzing Crypto Risk as an Institution
16:42 What do Institutions Think of Ether?
19:17 Comparing Other Assets
23:5 5How Others Can Join Ether and Bitcoin
25:58 Ether and Ethereum
29:44 Is Ether a Money?
40:14 What is Money?
44:13 What Else Competes for Money?
48:38 Thesis Two
51:19 Ether Cash Flow
55:51 The Value of Metrics
1:00:41 Modeling Future Cash Flows
1:08:11 How Has The Report Been Recieved?
1:10:21 Whats Next For Fidelity?
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RESOURCES
Fidelity's Report on Ethereum:
https://www.fidelitydigitalassets.com/sites/default/files/documents/1101895.1.0%20-%20FDAS%20ETH%20Investment%20Thesis%20%2808.14%29.pdf
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Are the institutions serious about Ether? |
| 0:10.6 | The asset, that is the question today. |
| 0:12.7 | So fidelity, the multi-trillion dollar asset company just recently released an investment |
| 0:17.5 | report. |
| 0:18.5 | It was entitled Ethereum Investment thesis. |
| 0:21.8 | This is their case for why Ether the asset. |
| 0:24.8 | The question on today's episode is, are the institutions really serious about Ether? |
| 0:29.9 | Because Ether the asset passed through the institutional gauntlet the way Bitcoin has. |
| 0:35.2 | This is the investment thesis from Fidelity. |
| 0:37.2 | We bring on the researchers who wrote it and I got to say they pretty much get it right. |
| 0:42.2 | We talk about value accrual for Ether the asset. |
| 0:45.0 | We talk about whether Ether is money or whether it's a capital asset or maybe a bit of both. |
| 0:49.7 | We talk about this concept of blue chip block space and maybe Ether block space is emerging |
| 0:55.0 | as that. |
| 0:56.0 | So stay tuned for this episode if you want to get more bullish on Ether with some conviction. |
| 1:01.1 | David, before we get in, there's a message from our friends and sponsors over at Layer |
| 1:04.8 | Zero. |
| 1:05.8 | What do they want people to know? |
| 1:06.8 | Layer Zero is teaming up with Google Cloud. |
| 1:08.9 | I did a panel at permissionals with Razz from Layer Zero and Rich from Google Cloud. |
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| 1:16.3 | Layer Zero, of course, is a messaging network. |
... |
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